South Korean vitality options firm Hanwha Vitality mentioned on Wednesday it had not too long ago offered a 204-MW photo voltaic challenge underneath improvement in Spain to Eire-based unbiased energy producer (PPA) Amarenco.
Monetary particulars weren’t disclosed.
Hanwha Vitality purchased rights to the challenge, sited in Spain’s area of Castile and Leon, in 2019. The corporate had plans to start out building of the photo voltaic farm in September this yr and launch business operation in August 2024, it mentioned.
The newest is the second transaction between Hanwha Vitality and Amarenco. In late 2020, the French-Irish IPP acquired a 50-MWp photo voltaic farm in Seville from Hanwha Vitality.
Hanwha, via unit QEnergy Options, can be making ready to promote round 1.1 GWp of photo voltaic belongings in Spain, Spanish enterprise newspaper El Economista reported on Tuesday, citing monetary sources.
The South Korean group is reported to have retained KPMG as monetary and regulation agency Uria Menendez as authorized advisors on the sale. In keeping with the information report, Hanwha is mulling two sorts of transactions — one via which it’s going to promote 14 photo voltaic farms totalling 740 MWp, and one other for the sale of a 50% stake in a automobile that holds 330 MWp to 400 MWp of photo voltaic farms.
A 3rd transaction, which might have concerned the sale of a 50% stake in a automobile with 489 MWp of renewables belongings in Portugal, has been parked for now, El Economista reported.
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